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Labour Market Outlook

Labour Market Outlook: Autumn 2016

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The Labour Market Outlook autumn report, produced in partnership with the Adecco Group, indicates that short-term employment growth will remain strong, despite a modest fall since last quarter’s report in August, suggesting the labour market remains resilient following the vote to leave the EU. The report also explores employers’ views towards the type of relationship they would like the UK to maintain with the EU post-Brexit.

Employers unprepared for EU labour restrictions

42% of employers anticipate negative impact to operations as a result.

Only 15% of employers are preparing to address this.

Addressing productivity and skills is essential

Key stats:

30% of employers expect increased costs.

15% of employers are set to reduce investment in skills.

Most employers only expect 1.1% pay increases over the next 12 months.

About the Adecco Group

The Adecco Group, based in Zurich, Switzerland, is the world’s leading provider of HR solutions. With more than 32,000 FTE employees and around 5,100 branches in over 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting around 700,000 associates with our clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The Adecco Group is a Fortune Global 500 company.

Adecco Group AG is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

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Labour Market Outlook 2016

The summer 2016 report indicates that there is significant uncertainty amongst employers after the Brexit decision. It explores how this is affecting hiring and investment decisions and the migrant workforce. As the UK’s position becomes clearer, we will be in a better position to assess the full implications of Brexit for the longer term.